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Active Residential

33 University Drive

Colorado Springs, CO 80910

RECOLORADO #3703452 Updated: Jun 9, 2026, 6:30pm
$690,000
8 Beds • 4 Baths • 3,111 SqFt
Property
ActiveResidential
1/19
$690,000

33 University Drive

Colorado Springs, CO 80910
8
Beds
4
Baths
3,111
SqFt
0
Acres
RECOLORADO
#3703452
Updated: Jun 9, 2026, 6:30pm

Property Description

33 University Drive is a well-positioned 4-unit multifamily asset located in the Southeast Colorado Springs submarket. This investment offers investors a balance of in-place cash flow paired with recent renovation upside. Originally constructed in 1969 and renovated in 2021, the property consists of 3,111 square feet across four units, all configured as 2-bedroom, 1-bath layouts. The asset benefits from affordable rent positioning relative to the broader Colorado Springs market, strong tenant demand, and proximity to major retail, convenience & employment corridors. With continued population growth and rental demand in Colorado Springs, the property presents an opportunity for stable income with long-term appreciation potential.
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Property Details

Interior
Above Grade Finished Area
3111
Basement
Unfinished
Building Area Total
3111
Cooling
None
Heating
Forced Air
Laundry Features
In Unit
Living Area
3111
Construction
Also Marketed As
Residential Income
Building Area Source
Public Records
Common Walls
2+ Common Walls
Construction Materials
BrickConcrete
Levels
One
Roof
MembraneRolled/Hot Mop
Structure Type
Quadruplex
Year Built
1969
Site & Exterior
Offstreet Spaces
8
Parking Total
8
Sewer
Public Sewer
Utility Metering
Common GasCommon WaterSeparate Electric
Zoning
R5 AO
Financials
Contract Earnest Check To
Land Title of Colorado Springs
Exclusions
All tenant(s) personal property.
Lease Expiration
2026-12-31
Owner Pays
GasInsuranceTaxesWater
Ownership
Individual
Parcel Number
64154-01-050
Special Listing Conditions
None
Tax Annual Amount
1408
Tax Legal Description
NLY 8.0 FT OF LOT 28, LOT 29 EX NLY 5.0 FT BLK 19 REPLAT OF BLKS 19, 24, 27, 28, 32 PARK HILL SUB 4
Tax Year
2022
Title Company
Land Title of Colorado Springs

Neighborhood & Lifestyle

Community & Association
Senior Community
No
Subdivision Name
Colorado Springs
Schools
Ratings
Elementary
Monroe
Middle
Holmes
High
Doherty
Elem. District
Colorado Springs 11
Middle District
Colorado Springs 11
High District
Colorado Springs 11
Listing provided courtesy of RECOLORADO via IDX. Updated: Jun 9, 2026, 6:30pm.
Nic Polaski

Listing Agent

Cushman & Wakefield

Call Agent
Call